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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of Jobs

NEW YORK (MarketWatch)J.P. Morgan Chase & Co. reported its fourth-quarter profit fell 7% to $5.3 billion, or $1.30 a share, from $5.7 billion, or $1.39 a share, a year earlierNet income for common shareholders was $4.9 billion, also down 7%Adjusted per-share earnings were $1.40, after factoring in the sale of One Chase Manhattan Plaza and other one-time gains or expensesRevenue fell 1% to $24.1 billion, from $24.4 billion a year earlier, the country's largest bank saidMortgage originations plunged 54% over the year, to $23.3 billionInvestment banking net income was down 57% over the yearAnalysts had expected earnings of $1.26 a share on revenue of $23.7 billion, according to FactSet

NEW YORK (MarketWatch) - Wells Fargo & Co. reported its fourth-quarter profit rose by 10% from a year earlier to $5.6 billion, or $1.00 a share. Revenue fell to $20.7 billion, from $21.9 billion a year earlier, the giant bank said Tuesday. Analysts had expected earnings of 99 cents on revenue of $20.68 billion, according to FactSet. The company said it grew net interest income and non-interest income during the quarter, despite a challenging rate environment and an expected decline in mortgage originations. Shares in Wells Fargo were down 1.2% in premarket trading.